9.4 -- ECONOMICS in a Global Age

In the 1980's, many countries saw a shift from high level government economic control to which of these economic policies?

• Colonialism

• Feudalism

• Mercantilism

• Neoliberalism

Under whose leadership did the US economy experience liberalization?

• Barack Obama

• Ronald Reagan

• George W. Bush

• Bill Clinton

What was a common trend in many places during the World War and the Great Depression?

• Increase in private sector control

• Globalization of trade policies

• Decrease in government spending

• Government taking a more active role in economic decisions

Which country's economy was led away from state control by Augusto Pinochet?

• Mexico

• Chile

• Brazil

• Argentina

What does neoliberalism emphasize?

• Protectionist trade policies

• Free market policies and lowering of trade barriers

• Increased government regulation

• State ownership of industries

Which organization exists to regulate trade on a global scale?

• United Nations

• World Bank

• World Trade Organization

• International Monetary Fund

What significant shift occurred in Finland's economy in the 1990s?

• Increase in manufacturing

• Shift to agrarian society

• Transition to a knowledge economy

• Decrease in technology investment

Which of the following is an example of a multinational corporation?

• Nestle

• Local Bakery

• Government Agency

• Non-Profit Organization

What was a major development in globalization after the Cold War?

• Increase in government-controlled economies

• Reduction in knowledge economy

• Unique geographical distribution of economic activity

• Decrease in international trade

Which agreement facilitates trade among Southeast Asian countries?

• NAFTA

• ASEAN

• EU

• NATO